Verified Trust: Reciprocity, Altruism, and Noise in Trust Games
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Type
Report: a report published by a school or other institution, usually numbered within a series.
Publication sub-type
Working paper: Working papers contain results presented by the author. Working papers aim to stimulate discussions between scientists with interested parties, they can also be the basis to publish articles in specialized journals
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Publications
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Title
Verified Trust: Reciprocity, Altruism, and Noise in Trust Games
Institution details
Université de Lausanne - HEC - DEEP
Issued date
10/2004
Number
04.15
Genre
Cahiers de recherches économiques
Language
english
Number of pages
35
Notes
Published under the title "Does the trust game measure trust?" in: Economics Letters, vol. 115 (1), April 2012, pp. 20-23
Abstract
Behavioral economists have come to recognize that reciprocity, the interaction of trust and trustworthiness, is a distinct and economically relevant component of individual preferences alongside selfishness and altruism. This recognition is principally due to observed decisions in experimental "trust games". However, recent research has cast doubt on the explanatory power of trust as a determinant of those decisions, suggesting that altruism may explain much of what "looks like" trust. Moreover, empirical tests for alternative behavioral determinants can be sensitive to experimental bias due to differences in protocols and framing. Therefore, we propose discriminatory tests for altruism and trust that can be based on within-treatment and within-subject comparisons, and we control for group attributes of experimental subjects. Our results support trust (i.e. expected reciprocation) as the dominant motivation for "trust like" decisions.
Keywords
reciprocity, altruism, trust game, experimental error
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20/08/2013 13:28
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21/08/2019 6:10